Insurance Department proposes technical statute updates, notification rules and licensing changes

Jan 29, 2025

The Insurance Department told the Commerce Committee House Bill 499 would make mostly ministerial corrections while adding a few targeted technical changes including a company notification requirement, a higher domestication capitalization threshold and small fee eliminations.

The full story

The Insurance Department presented House Bill 499 as largely housekeeping changes with several targeted technical updates designed to improve regulatory clarity and reduce administrative friction.

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